Grain Department
 
Here at Ag Plus, we strive to provide information to our customers to
help them in achieving their marketing goals.  If you have any questions feel free to contact Dave or Laura.
 
Attention

As of today (9/23/16) all Ag Plus locations will be accepting Xtend™ Soybeans

Grain Marketing Services

 

ATTENTION: IMPORTANT INFORMATION

Ag Plus has been notified by local soybean and corn processors that they will not accept any corn or soybeans that are not approved for export.

 

This list would include, but not be limited to: Duracade corn, Roundup Ready 2 Extend beans, Enlist corn and beans, Vistive beans and Plenish beans. 

 

Ag Plus wants you to understand that our policy is that we cannot accept any grain that is not approved for export shipment until the local processors or terminals will accept them.  We cannot accept any grains that are tainted or contaminated by, produced from, or contain any amount of genetically modified seed.  We also cannot accept GMO events that have not received full and final approval for import/use by any domestic or foreign markets; not limited to the United States, China, European Union, or any other export market.

 

If you are uncertain on a seed product that you intend to plant or have planted, please check with us before planting/shipping grain to any Ag Plus location.  If you have already planted a non-approved product, we will do our best to work with you to help market the grain; but you must notify us before any delivery of grain.    Failure to notify us before delivery will result in liability to the farmer.

 

Any seller that delivers unapproved agricultural commodities that include products which are produced from, tainted or contaminated by, or contain any amount of GMO seed or GMO events not approved in all export markets; shall be in breach of the contract with Ag Plus.  The seller will then be liable for all direct or consequential damages, including but not limited to, any losses arising from facility closure, extra handling or reduced operating capacity, and all removal and cleaning costs.  This liability could also include any damages or issues caused at processing facilities or terminals that Ag Plus may deliver grain to, from our farm customer.

 

We hope to have these issues resolved by the seed companies before any matters arise.  We will notify our customers once the issues have been resolved but this policy will remain in effect until then. 

WILL NOT ACCEPT

WILL NOT ACCEPT

Delivery of soybeans/corn produced from the following seed products:

 

                                                     Bayer soybeans

                                                         Event FG72

  

VistiveGold soybeans                       Bayer/Syngenta soybeans

MON 87705 (Monsanto)                            SYHTOH2

 

Soymega™ soybeans                            Dow soybeans

MON 87769 (Monsanto)                           DAS-81419-2

 

Dow Enlist E3™ soybeans                    Monsanto soybeans

DAS-44406-6                                         MON 87712

 

Dow Enlist ™ soybeans                        Monsanto soybeans

DAS-68416-4                                         MON 87751

 

Syngenta Duracade corn                      Plenish™ soybeans

                                                            (DuPont/Pioneer)

 

 

“UNACCEPTABLE AGRICULTURAL COMMODITIES” INCLUDING COMMODITIES THAT INCLUDE, ARE PRODUCED FROM, OR CONTAIN ANY AMOUNT OF, SOYBEAN WITH MONSANTO’SROUNDUP READY 2 XTEND™ TECHNOLOGY.

 

ANY SELLER THAT DELIVERS UNACCEPTABLE AGRICULTURAL COMMODITIES SHALL BE IN BREACH OF ITS CONTRACT AND WILL BE LIABLE FOR DIRECT AND CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION, ANY LOSSES ARISING FROM FACILITY CLOSURE OR REDUCED OPERATING CAPACITY AND ALL REMOVAL AND CLEANING COSTS.

Daily Grain Comments

Tuesday, December 12th, 2017

Ag Plus will be closed Saturday, December 23rd thru Monday, December 25th for Christmas and Saturday,  December 30th thru Monday, January 1st for New Years.  Please plan for any business that needs to be done before year end. 

Markets were higher early, sold off during the early morning, rallied off the lows right before the report today.  After the report, wheat and corn rallied while beans were lower.  We did see beans, corn and wheat all make one attempt at a rally later in the session but could not hold it and sold off into the close to end the day lower across the board.  The USDA report did not make any changes in acres or yield in the December report.  The overall changes were small.  The corn carryout was lowered 50 million bushels in the U.S. based on 50 million higher usage for ethanol with no other changes.  The soybean carryout was increased 20 million bushels to 445 million, this was done on 25 million lower exports and 5 million increase in seed.  Wheat carryout was increased by 25 million bushels, this was based on a drop on wheat exports of that amount.  World stocks in corn, wheat and beans were all increased in the report.  The South America crop was left unchanged from last month on the USDA report.  CONAB released numbers this morning on their projections for Brazil.  They lowered the corn productions from 93.3 MMT to 92.2 MMT from last month, this is also down from last year's 97.8 MMT.  The bean production was raised from 107.5 to 109.2 MMT, but still is below last year's 114.0 MMT.  Overall the reports were well in line with the estimates.  The January 12th report should be the final yield and production numbers for this year.  In other news, USDA announced the sale of 120,000 metric tonnes of HRW wheat to Algeria for this market year.  They also announced another sale of corn to Mexico of 152,000 metric tonnes for the 17/18 market year and 168,300 metric tonnes of beans to unknown.  The USDA also announced a switch from unknown on beans to China for the 17/18 market year.  Weather forecasts for South America continue to push more rain as we move forward.  The dollar was stronger again today, trading at $94.085, up 242 points.  Gold was down $3.40 per ounce and crude oil is trading down 86 cents at $57.14.  Stocks are having a decent day with the Dow up 137, the Nasdaq down 4, and S & P up 8 on the day.   

Support levels on March corn are at $3.42 and $3.35-1/4 and resistance is at $3.52-1/2 and 3.60.  Support on January beans is at $9.67 and 9.50 and resistance is at $9.89 and 10.00  Support on March wheat is at $4.10-3/4 and $4.00 and resistance is at $4.26-3/4 and $4.34.  We continue to see this market work lower and make new lows.  We need some bullish new to turn this market around and just have not seen it. 

Cash Bids (Login to View)
Name Delivery Start Delivery End Short Name Futures Price Basis Cash Price Futures Change

Quotes retrieved on December 13, 2017, 11:55:12 PM CST